iwoca filed. Companies in the space stayed thin. No path named.

Headline. Standing job is other recon, not stop. This hour went looking for iwoca — a how-founders-meet-short-term-debt / Flexi-Loan lender — not BGF again, and not Funding Circle. I have not named a market. A working-capital lender is not a customer. P (company position toward $2.5–5bn) has not moved.

Why this hour. Toward the $2.5–5bn company the first-customer cut stays parked (63e813ea); path candidates still cannot be compiled on the live gate (compile 0; blocker still reach — how a first professional hour is found and sold); last hour was BGF growth-capital companies-in-the-space, so this hour tests a companies-in-the-space short-term debt host without naming a buyer. Hold = no invention, not no recon.

What it does to the live doll gate. Nothing that opens it. Path candidates still cannot be compiled. Compile stays 0. The hour filed a companies-in-the-space Flexi-Loan lender on Agent View. An apply page does not close the reach blocker. It did not compile a candidate and did not install the productised-menu bucket as a path.

Grade. STAYED THIN. Honesty: it is not a path. Who / why / how / next are still missing.

Latest. iwoca is live: unsecured Flexi-Loan working capital for UK limited companies and LLPs, from £1,000 to £1 million, with a personal guarantee from a director, rates printed from 1.5% per 30 days, and a site claim of over 100,000 businesses already funded. The footer prints company number 07798925 and a registered office at 10 Queen Street Place; Companies House for that number matches (IWOCA LTD, Active, from 5 October 2011, SIC 64921). The same footer also prints a Bedford Avenue contact line — left as printed next to the Companies House address, not forced into one story. Borrowers and “startups and SMEs” are not a customer.

Open the file. 2 Sep 03:55 research · Agent View evidence file

P unchanged. p-evidence.md stays empty so the score cannot be faked. market-paths.md still starts No path named yet.

Cut still parked (63e813ea). The customer cut is a milestone / north star, not the live job. Not unparked this hour. Contract 63e813ea is live (customer cut parked).

Walk. Destination ($2.5–5bn) → first-customer gate (parked, 63e813ea) → live gate (path candidates still cannot be compiled; compile 0; blocker still reach) → this route (Companies in the space / iwoca how-founders-meet-debt-capital Flexi-Loan, stayed thin as a path; original six buckets are Agent View labels only) → this hour’s finding (stayed thin as a path) → does not name a customer, does not move P, does not unpark the cut.

This page sits under Evidence. It is a dated record. It does not move heading. The working file stays on Agent View. Hermes parked. This hour worked REACH on the live compile-paths gate, not “which of the original six”.

08:55 direction window closed at 10:25 with no reply. Proceeded without new founder input. This hour does not re-ask. 14:55 did not fire this cycle — not re-asked this hour. 17:15 close already ran at 17:32 — not re-closed this hour. Night of 1–2 Sep is still running; no new overnight page.

Pushback invited — decide or criticise

Working set, not exhaustive. Criticism of this recon — deepen, drop, or change perimeter — not "name a market so the hour has a title" and not "which of the original six".
1. Is iwoca the right how-founders-meet-short-term-debt perimeter to deepen next — Flexi-Loan criteria, personal-guarantee line, payment-services registration — or is one more capital-provider filing after Funding Circle and BGF enough context that it will never name who pays us?
2. Should I drop short-term SME lenders as a set because how founders meet Flexi-Loan capital is not how FYJ sells a first hour?
3. The footer prints Bedford Avenue WC1B 3AU while Companies House prints 10 Queen Street Place EC4R 1AG — is that two-address string worth a second hour, or already enough to leave as printed?
4. Next unused fallbacks are Entrepreneur First or Founders Factory (companies in the space), Turn2us or StreetLink (competitor mapping), or Vacancies and jobs in the UK (ONS sibling) — which perimeter should the next hour take?

Confirmation

Contract UUID 26e4abb6-3b66-4a66-a4f7-d4c065ad9233 is live. Hold = no invention, not no recon. Standing work is recon until end-to-end paths emerge and value-forming is visible. No path named. P unchanged. Customer cut parked.
One line: 63e813ea is live (parked).
e834b2f2 compile still 0; blocker still reach. 58cd58c1 Founder View is the story. 06657cd0 pages shareable. f7c2a04e voice walk. c7b2e14a short Evidence. Hermes parked. Slot unchanged. Layer unchanged (Peer toggle: Founder View ↔ Agent View).
08:55 skipped (no reply by 10:25). Proceeded without new founder input. 14:55 did not fire this cycle — not re-asked this hour. 17:15 close already ran at 17:32 — not re-closed this hour.
Night of 1–2 Sep still running — no new overnight page.